₦airaland Forum

BillgatesMaigad:
Jesu!!!

Oshomoles cousin spotted

Point of correction: lost but now found brother! Hip hip hip!!!

Truly the taste of the pudding is in the eating! She has eaten and it feels gooood!!!

easy1960:
Sharing An Office With The Devil

Hello NL, i will not bored you up with much talk this time around, rather i will go straight to the point.

Early 2017 when i got a job in a construction company, i was made to share an office with a lady. Since i was new there, the lady was the one showing me around, introducing me to some clients, taking me out for lunch etc.

After some time, the lady demanded to know my house and i was so scared of taking her to my house since dad and mum are always against that. One day, i had to act like a man and i took her to my house. She admired my room and fell in love with almost every thing that was in that room.

She left my house that evening and the next day we still met at the office. In the morning of that day, the lady told me she wants to have a talk with me so i made up time to hear from her.

She was so uncomfortable when we went out to discuss in one of the eatry, but later she told me she wants to carry my baby, that she is 31 and she really want to have a child of hehr own, meanwhile, i am 29. I was so scared and bittered while she will say such a thing. I refused with a reason been that i am from a descent home therefore, my parents will kill me if i do such a thing.

Right now, any time i go to work, this lady will at times sit on the table, open her legs and ask me to see what is inbetween her legs. She will insist on kissing me at times. I am a guy that is always shy, i am not comfortable with her in that office again.

Please my good friends, what do you think is right for me to do in this kind of situation that i will escape this lady?

R U N ! ! !

jpphilips:
A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance?
Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered.

Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock
it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth.

What are the effects of crude shock in oil producing developing economy?

Forex scarcity: Most developing economies whether oil producing or not depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession.

Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession.

Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford.
In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation.

Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency.

Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate.
The local currency is allowed to float along a band the cbn thinks may not be too hurtful to the economy.
Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages.

Between 2015-2018, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone?
The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves,
It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings).

Permit me to take us down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS.
This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that comes the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings.


Fast forward to 2015, The top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $90b in a $156.1b economy.You can see that the Robust reserve of Algeria was their savior in this modern crude shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time, that amount is not even enough to pay for imports let alone absorb global economic shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings?

Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself

Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg
They not only devalued their currency, they equally allowed it to float like Nigeria's
Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago.



Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF
https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/

Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016.
https://tradingeconomics.com/angola/unemployment-rate


Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday.
Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously.

Poverty in Angola
According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million.

I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria save a whooping $90b when the going was good, as such its economy was immune to crude shock.

Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014.

Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014.

Some even blamed it on Avengers attack of 2016

Niger delta avengers was a non issue, if you noticed, I expunged them from my analysis, here is why;
You were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock.

If Avengers did not strike, OPEC would have asked us to cut production to boost prices,
read:
https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years
So Avengers or any form of production cut at the time was a non issue.

Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow?


The vice president being the economic manager of the country Launched the EGRP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks, not just crude shocks. (Algerian model)
The moment that money crossed $40b, forex shortages disappeared, importers stopped complaining, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy.inflation has responded to the potency of the EGRP to 11.23% from 18.8%.

Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects (Russian model)
https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/

In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. past government whose inaction landed us in this mess in the first place.
A leadership in the past that we tasked to privatize our industries, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished?
Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners?

Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lie peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku.........

You have my express authority to circulate at will

Fraudulent Intellectualism!
At least you guys can no longer hide the mess you have brought upon Nigeria.

stephenduru:
A Nigerian soldier,Suleiman Abubakar,has been shot dead by Boko Haram terrorists.His brother shared the sad news on Facebook and wrote...

'Innalillahi wa'ina illaihirraji'un. The death has occurred on my beloved brother SULEIMAN ABUBAKAR JIKAMSHI. As a result of gun battle with boko haram. Suleiman died serving his mother land and saving humanity. Please we solicits for your PRAYERS'



Source: http://www.trezzyhelm.com/2018/10/another-fallen-heroboko-haram-kill.html

Gallant Hero, rest in Glory!
Your labour and the labour of all heroes past shall never be in vain!!
The LOSS is for us left behind
You have GAINED immortality
BRAVO!!!

This calls for NATIONAL INQUIRY

gypsey:
Is she supposed to be An Olosho or a police officer?

the only police work she seem to be doing is having sex with all the other lazy police officers.


how many Real criminals has she Arrested in the last month?

What has suggested her as an olosho? Are you a woman hater?

Greatly endowed woman. Well dressed . A model for women of beauty

While they play politics, the people groan in deprivation! God will judge every wickedness of man and every man's inhumanity to fellow man. That day shall be terrible for every stout hearted man

The affluent indulge their fantasies
While the poor and destitute grapple with bare needs
But until the mountains volunteer to fill the valleys, the ride on planet earth shall remain bumpy for all humanity, rich and poor alike!

Who was his Second Lady as Vice President?

Love is blind.
But I wonder what will happen when his eyes open!

Niceman4u:
that is the best ur party can present man!
too many olosho

The oloshos are not the real problem o. It is the increasing and abounding lovers and Cravers of oloshos in the land. Like ants that die following sugar into boiling water, the people of today will easily sell off their last birthright to get a taste of celebrated merchants of lust

Jman06:
Welcome to Nigeria where intelligent people take the back sit while people of low intellects and unsound minds are put in leadership positions. And somebody would still be asking why Nigeria remains underdeveloped.

Tell me the contribution this one would make to better the lots of the country

Lots of contributions brother!
She and her likes would ensure that moral etiquette is relaxed across the land. They would glamorize and legalize prostitution in the land. They will frown at extant laws against sodomy and entrench the reign of sexual liberty. In time, they will legalise abortion and validate immorality. Are these not contributions?

What have we got coming, now that slayers and merchants of LUST are trooping to our national chambers?!!

Adadioranma79:
Eh eh. When will you be free from this self-imposed burden?

Not a self imposed burden o. Just a wake up call to those wasting their youth...

ola12:
Missraine, thats not the way to do things, you're getting quite emotional. The ideal thing is to backoff at that moment, if the mil is a mad woman you dont need to drag yourself to her level at that point. Not saying you should tolerate nonsense like a househelp, but slapping her back in that particular moment would cause more harm than good. If you married a real man(not all these wussies claiming mama's chewinggum and protector), he should be able to handle the situation better and even get her to apologize to you and prevent reoccurence.
Your MIL didnot behave maturedly by slapping you, that does not make you any less matured and you should try to act maturedly at that point. You have no idea how much respect your man and mil would have 4 you if you just do the right thing.

Ola 12, you are the man! KIU

MissRaine69:
We have dialogue in our household...and by the way she is not my mother. My relationship with my mother transcends all relationships and violence has never been a feature of it. She crossed the line by hitting the girl and there is nothing you can say that will change that.

You have a choice : change your view or remain single.

MissRaine69:
The law allows me to defend myself ......I was attacked and I defended myself period

I see you can slap your own mother back! Good girl!

Not much is expected of any marriage where the spouse is viewed as an outsider.
Real marriages are the product of unity in love where in words, deeds and misdeeds, all are regarded without discrimination

Reframe the question:
What would you do if your mum slapped you?

Your ideal reaction should be no difference whether it is your mum or mother in law that slapped you. Once there is a difference, you need no prophet to confirm that your relationship is inferior.

Glink2018:
...and you think this is a landmark achievement in your life.

Bill gate wasn't up to your age when he has been doing greatly In I.T field.


Kontinue!

We must have compassion on the Sick!
The lunatic, the leprous, the delusional, the homosexual, they are all sick people in dire need of rehabilitation. The annoying thing is when sick folks begin to say they need no medication!

Oh Lord, save us from SLAY queens!

DaMsOn007:
fresh though....

I Can’t Date You Because You Don’t Know “So So Club” – Florence Hungbo Shared Her Experience at Davido’s Axe Launch Concert
@
https://bodexng.com/2018/08/cant-date-you-dont-know-sosoclub/

Florence finally applied for change of identity in order to gain access into the " market"! What a dishonor to self!

Girls of this age have turned bedroom wears to what they adorn to the market place. Private dishes have become what serves public eateries. Vessels of honour have been reduced to articles of public jest. All for what? Using natural endowments to enchant, entice and seduce men into illicit transactions. Serpents and women have been in collabo from time immemorial.

She has to live with the hazards of her chosen lifestyle

Polygamous monogamy! Kwontinu!

If he was not a bush educated illiterate, we would have said he would remain in the senate for as long as his people wanted. Uncultured senator!

His head also must hit the ground in blood and bruises insha Allah.

This is but the beginning of sorrows for anyone contemplating stealing as a career in life.

Local government elections are mere giveaways to sitting governors in Nigeria. It is a ridicule of our electoral institution. It is a show of the black man's shame. If the black race seeks emancipation through the ballot box, then they would remain in Limbo until Jesus returns.

ChiefAzubuike:
Armed robbers are humans like you.

They don't deserve to die.

Dangerous joke!

Kudos to our gallant Police officers and men. Kindly quench that fifth one as soon as possible. No mercy for the merciless - saith the LORD!